Webinar: Call Report Preparation: Financial Statements, Including Schedule B Investments, C CUSOs & D Derivatives
Tired of Call Report findings? Examiners are thoroughly testing and validating Call Report disclosures, with no regard to materiality. Preparing Call Reports has become more complicated as credit unions continue to evolve and offer more elaborate products and services to their members. In addition, NCUA has raised the bar for accurate and timely submissions by assessing civil money penalties for non-compliance.
Webinar: Appraisals for Non-Performing Assets
Appraisal regulations allow a credit union to treat non-performing assets differently from new loans. In fact, the “Interagency Appraisal and Evaluation Guidelines” contain an entire section dedicated to the valuation of non-performing assets. The appraisal policies and procedures of every financial institution must address the increasing risk associated with non-performing assets and apply valuation options that reflect this added level of risk. After all, finding out the true picture of collateral value becomes increasingly important as a loan goes bad. Does your credit union comply with the regulatory requirements of valuations for non-performing assets? Do your appraisal policies and procedures adequately reflect the possible risk factors identified in the regulations and the valuation options that are most appropriate to mitigate risk and comply with the guidelines?
Webinar: Advanced ACH Specialist Series: Reg E Error Resolution Rules Versus NACHA Operating Rules: Obligations, Consumer Disputes & Case Studies
How does Regulation E relate to the NACHA rules? Financial institutions are obligated to investigate consumer disputes regarding unauthorized electronic transactions for ACH, ATM, and debit card entries under Regulation E within 60 days of transmission of the consumer’s account statement. An ACH entry can be returned unauthorized within 60 days of settlement date. What should be done if a consumer claims an ACH entry is unauthorized beyond 60 days? This session will clear up the confusion regarding whether to adjust consumer unauthorized entries under NACHA rules or Regulation E. Real case studies will show which rule to follow.
Meet the Candidate Forum
KCUA and MCUA invite credit union President/CEOs to participate in a Meet the Candidate Forum for the HCUA Board of Directors. This forum will be offered via face-to-face and webinar option to allow credit unions from across both states to meet the candidates for the HCUA Board of Directors.
Webinar: Examining the Proposed Federal Changes to Overtime Pay Exemptions & the Potential Impact to Credit Unions
This is the hot topic every credit union is talking about – the proposed changes to overtime pay exemptions, which are expected to be implemented in 2016. Virtually all credit unions will be impacted, so you need to start preparing for the final regulations now. Last year, President Obama instructed the Department of Labor (DOL) to overhaul the standards for overtime pay. In response, the DOL published proposed regulations which significantly raise the minimum salary for overtime exempt employees from approximately $23,660 to $50,440 annually. In addition, overtime exempt employees must perform specific duties as set forth in the regulation. Any employer that violates the overtime pay regulations is liable for back pay, interest, damages, and attorney fees. This webinar will help you determine the effect these new rules will have and assist you in determining the alternatives available for employees who will no longer qualify as exempt from overtime pay.
Webinar: Safe Deposit Issues: Drilling, Unpaid Rent, Death & Unclaimed Property
Safe deposit boxes are an important service provided by the credit union. They are a source of additional revenue and a way to enhance member relationships. However, safe deposit box operations are unique and sometimes mysterious. The improper handling of a safe deposit box can result in unforeseen liability of tremendous proportions. This webinar will cover everything, including the initial agreement, collecting rent, drilling, and escheatment of box contents to the state.
Webinar: BSA Compliance Series: BSA Special Risks: Policy, Law Enforcement & Regulatory Issues
Will your BSA/AML program pass the next exam? BSA/AML programs must be constantly updated because of the evolving threats of money laundering, financial crimes, and regulatory changes. What should you know about FinCEN’s focus on issues ranging from beneficial ownership to marijuana-related businesses? This webinar will review what’s old, what’s new, and what’s to come. Other hot topics will include summaries of regulator issues ranging from vendor management to board oversight of high-risk products like remote deposit capture.
Webinar: Managing Accounts & Records for Nonresident Aliens: Opening, Identifying, Monitoring & Tax Reporting
Take the guess work and confusion out of opening and administering accounts for nonresident aliens (NRAs). Learn how to effectively identify nonresident aliens, conduct enhanced due diligence at account opening, and appropriately monitor these accounts. You will also gain important insight into proper tax reporting of NRA accounts. Join us for this comprehensive program on NRA account administration.
Webinar: Revised TRID Mortgage Exam Procedures: Reviewing September 15, 2015 Changes
TRID compliance is very complex. This webinar will address the most recent TRID exam procedures to help take the guess work out of what to expect when the examiners arrive. It will cover Section III of the CFPB’s updated exam manual released on September 15, 2015, highlighting what examiners will look for on the loan estimate and closing disclosure. In addition to understanding what examiners scrutinize, you will learn how to fine tune your own TRID policies and procedures. Examples of missteps and errors experienced by lenders will also be included so you can avoid making the same ones. Join us for the discussion, tools, and examples that will assist in enhancing your process and in acing the exam!
Webinar: Required Compliance Series: Robbery Prevention, Apprehension & Recovery
Robberies of financial institutions remain a steady trend. In many areas of the country, they are reaching an alarming and increasing rate. Combine this with the current economy, the unemployment rate, and personal dependencies and addictions, and we find ourselves in a time where robber proofing your institution has never been more important. The only reliable means that your financial institution has to improve prevention, apprehension, and recovery, involves training, training, and more training. This webinar will prove to be a valuable training resource for your employees and will ensure they are up to date with their robbery training requirement. This important session will address:
Webinar: New Accounts Series: Opening Donation, Benevolent & Other Accounts for Nonprofit Organizations & Corporations
Funds donated in the name of a particular cause or for a dedicated purpose are entrusted to the individuals allowed to have signature rights on the account. However, determining who should have signature rights is often challenging for the financial institution. Some donation or benevolent accounts are loosely formed and the ownership of the funds is difficult to identify. Other organizations are legally structured and have named authorized representatives. This program will teach you how to determine the ownership and the purpose of accounts held in a fiduciary capacity or by a nonprofit organization or corporation.
Compliance Conference Call
Knowledge is calling, and it wants to talk Compliance! As a benefit of membership, the Missouri Credit Union Association (MCUA) is offering free monthly Compliance Update Conference Calls for member credit unions. The MCUA Compliance staff is expecting the calls to last 30 minutes and involve reviewing current compliance topics and deadlines.
Webinar: Exercising the Right of Setoff on Deposit Accounts & Loans
A credit union has the right to setoff its member’s account if certain legal requirements are satisfied. This webinar will explain these requirements and will address the steps a credit union must take before exercising its right of setoff.
Christmas Day - MCUA Offices Closed
Missouri Credit Union Association offices closed in observance of Christmas Day.
New Year's Day - MCUA Offices Closed
Missouri Credit Union Association offices closed in observance of New Year's Day.
Webinar: Record Retention & Destruction Rules: Electronic & Paper
Various regulations and federal and state laws mandate retention of specific documents (both traditional paper documents and electronically stored information) for a designated period of time. Unfortunately, these laws overlap and conflict, causing confusion. In the past, some institutions simply retained all records permanently “to be on the safe side.” That isn’t practical today, because retaining all records can actually harm the financial institution. All institutions must have a systematic record-retention and destruction policy that covers electronically stored information and traditional paper documents. This webinar will address the legal and regulatory requirements and practical considerations for both electronic and paper document retention and destruction.
Webinar: New Unauthorized ACH Rules: Impact on Return Rates & Fee Thresholds
Rules implemented in 2015 lowered the unauthorized return rate to .5% and established threshold rates for administrative and overall return rates. A rule change in 2016 will implement an incentive fee paid by ODFIs originating these returns and passed to the RDFIs to help offset the costs of exception processing and member service. It is hoped that this economic incentive will improve the quality of the ACH network. Whether you are an ODFI or a RDFI, this session will cover how these rule changes will affect your financial institution.
Webinar: Lending Series: Essential Compliance Requirement for Lenders
While 2014 was a banner year for changes in mortgage lending compliance, the new integrated disclosures that became effective October 3, 2015, have transformed the real estate lending process. There were new forms, expanded loan coverage, and timing requirements that collectively represent the most significant change to real estate lending in the last 40 years. This session will cover key lending compliance regulations (highlights of the Equal Credit Opportunity Act, HMDA, Flood, RESPA, Truth in Lending, and Fair Credit Reporting). It will also include a Bank Secrecy Act overview outlining five reasons lenders should have BSA training. Join us for a review of what’s old, what’s new, and what’s to come.
Webinar: Cyber Series: Maximizing Cyber Security Soundness & Minimizing Incidents
“Cyber Security Is Not Enough: You Need Cyber Resilience”
Forbes/Business Jan. 2014
Webinar: Debit Collection Series: The Essentials of Collection Law
If you think getting a reluctant borrower to make payment arrangements on a past due account is your biggest challenge in collections, think again! Recent litigation and enforcement actions have highlighted the immense risk facing the collections function. Besides lending, no operation area has undergone greater regulatory transformation.
Webinar: Denied Loan Requirements: Consumer, Commercial & Real Estate
The frequency of adverse action violations is increasing in exam reports. One area of concern recently is the box “Was the credit decision based on information obtained from a third party other than a consumer reporting agency?” Your staff needs to know when – and when not to – use this.
Webinar: Adjustable Rate Mortgage (ARM) Rule Changes Effective April 1, 2016
Do you know how to complete an ARM loan? If you don’t, will you have to learn? Both of these questions will be answered during this webinar. Recently the CFPB has changed the definition of “rural and underserved” yet again. As part of that change, many financial institutions that have been able to do balloon loans will not be able to as of April 1, 2016. The first portion of the webinar will discuss this issue – which financial institutions can do balloons, and which will have to walk away from them on April 1, 2016.
Webinar: IRA & HSA Update & Review 2016
This session will provide valuable information on what is new and relevant in the world of IRA and HSA accounts. As a new year begins, it is essential to understand both current and past issues that have direct, significant impacts on your IRA and HSA programs and accountholders. Join us to learn about 2015 and 2016 IRA and HSA eligibility and contribution limits. This lively session will also address several IRA and HSA rules and scenarios that are misunderstood or not commonly discussed. The presentation will include important takeaways for everyone. Whether your job includes dealing directly with IRA or HSA accountholders or includes operational or managerial responsibilities, this session will provide practical insights into IRA and HSA accounts.
Webinar: Director Series: Managing Reports to the Board: Requirements, Timing, Delivery Options, Risks & Concerns
Regulators spend a considerable amount of time during examinations reviewing and reading board minutes. They are looking for communication to the board on the issues the board is required to know. A credit union’s board needs concise, accurate, and timely reports to help it perform its fiduciary responsibilities. Regulators closely scrutinize board meeting minutes to ensure this is taking place.
Webinar: Demystifying Rules for TRID Tolerances
The CFPB’s TILA/RESPA Integrated Disclosure (TRID) requirements continue to cause confusion for mortgage lenders. Specifically, many lenders have outstanding questions regarding the TRID tolerance levels and properly conducting the good faith analysis of fees and charges. Further, under the TRID rules, tracking and monitoring tolerance levels is harder due to the fact that the closing disclosure does not contain a comparison chart similar to the HUD-1 settlement statement. This difficulty is increased when multiple loan estimates are issued and a lender needs to determine which fees and charges to use when performing the good faith analysis. This webinar will analyze the TRID tolerance levels, explain best practices for tracking fees and charges, and detail the process for curing tolerances on the closing disclosure.
Webinar: Completing the CTR Line-by-Line
The FinCEN CTR (Currency Transaction Report) has been in use since 2012. This webinar will cover not only the basic elements, but some of the more complex and perplexing issues financial institutions face when completing the form. From NAICS code issues, to multiple-party transactions that include businesses, this webinar will help you understand how actual transactions translate into all those boxes. This webinar is for you if you've ever questioned whether your institution is the remitter or the receiver, or who needs to be reported on armored car transactions, or why there are references to gambling transactions.